Monday, January 19, 2009

NO NOTHING DAY TODAY

Markets just about were stuck in a range for the whole day pleasing to deceive again and again..Volumes were low and maybe everyone was looking at (Mr obamas speech tomorrow night) for some cues..today 2860 zone was attempted again, over which the supply zone is 2900-2930.. supports now deep at 2700-2720 zone..lets see some reaction should come to this move up..enjoy the day ..cheers.

POSITIVE CUES.

The Friday positive move may have a small followup move today, watch 2850-60 again closely for the cues. Markets seems to be searching within itself to look at how to move forward as FII's still are selling into all rallies..The next few days (Mr Obamas swearing etc ) finishes all events for the markets to unravel whats in its mind..Play small/safe, dont get carried away on either side..cheers..